Economics
Argentina Raises Export Taxes to Fund New Government’s Spending
- Change means 30% soy levy, according to crop export group
- Government says the move was urgent to meet fiscal needs
A worker collects blueberries at a farm in Zarate, Buenos Aires.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
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Argentina, the world’s biggest seller of processed soybean meal and oil, raised export taxes on Saturday as the government seeks to fund spending under new President Alberto Fernandez.